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US Treasury 6 Month Bill ETF
XBIL

84 hedge funds and large institutions have $413M invested in US Treasury 6 Month Bill ETF in 2025 Q1 according to their latest regulatory filings, with 21 funds opening new positions, 35 increasing their positions, 23 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

62% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 13

52% more repeat investments, than reductions

Existing positions increased: 35 | Existing positions reduced: 23

18% more capital invested

Capital invested by funds: $348M → $413M (+$64.3M)

8% more funds holding

Funds holding: 78 → 84 (+6)

2.45% more ownership

Funds ownership: 55.52% → 57.97% (+2.5%)

50% less funds holding in top 10

Funds holding in top 10: 4 → 2 (-2)

Holders
84
Holders Change
+6
Holders Change %
+7.69%
% of All Funds
1.13%
Holding in Top 10
2
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-50%
% of All Funds
0.03%
New
21
Increased
35
Reduced
23
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
LPL Financial
LPL Financial
California
+$18.3M
2
UBS Group
UBS Group
Switzerland
+$12.8M
3
AFAS
Acorn Financial Advisory Services
Virginia
+$7.63M
4
Stifel Financial
Stifel Financial
Missouri
+$5.45M
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$5.35M

Top Sellers

1
MAM
Milestone Asset Management
Pennsylvania
-$14.3M
2
Janney Montgomery Scott
Janney Montgomery Scott
Pennsylvania
-$1.59M
3
DWM
Denver Wealth Management
Colorado
-$1.23M
4
FFA
Farther Finance Advisors
California
-$1.14M
5
OIA
OneDigital Investment Advisors
Kansas
-$671K
Name Holding Trade Value Shares
Change 		Change in
Stake
LPL Financial
1
LPL Financial
California
$94.1M +$18.3M +365,346 +24%
AFAS
2
Acorn Financial Advisory Services
Virginia
$61.8M +$7.63M +152,181 +14%
UBS Group
3
UBS Group
Switzerland
$34.4M +$12.8M +254,970 +59%
Stifel Financial
4
Stifel Financial
Missouri
$21.5M +$5.45M +108,730 +34%
Raymond James Financial
5
Raymond James Financial
Florida
$20.2M -$412K -8,230 -2%
GLA
6
Good Life Advisors
Pennsylvania
$16.7M +$4.73M +94,338 +40%
MML Investors Services
7
MML Investors Services
Massachusetts
$15.7M +$1.57M +31,249 +11%
4WM
8
49 Wealth Management
Texas
$14M +$111K +2,206 +0.8%
PAG
9
Private Advisor Group
New Jersey
$13M +$235K +4,696 +2%
Commonwealth Equity Services
10
Commonwealth Equity Services
Massachusetts
$11.8M -$223K -4,448 -2%
IWM
11
IHT Wealth Management
Illinois
$11.1M +$1.2M +23,979 +12%
Cetera Investment Advisers
12
Cetera Investment Advisers
Illinois
$10.5M +$5.14M +102,484 +97%
Susquehanna International Group
13
Susquehanna International Group
Pennsylvania
$5.36M +$5.35M +106,853 New
IWC
14
Integrated Wealth Concepts
Massachusetts
$5.28M +$1.1M +22,007 +26%
MC
15
Moors & Cabot
Massachusetts
$4.92M +$437K +8,719 +10%
CWM
16
Copia Wealth Management
Oregon
$4.68M -$183K -3,660 -4%
ABWM
17
Alpine Bank Wealth Management
Colorado
$4.32M +$4.31M +86,023 New
DWM
18
Denver Wealth Management
Colorado
$4.09M -$1.23M -24,633 -23%
SIG
19
Spinnaker Investment Group
California
$3.53M +$796K +15,893 +29%
FWM
20
Fonville Wealth Management
Virginia
$3M +$2.74M +54,601 +1,047%
BEI
21
Benjamin Edwards Inc
Missouri
$2.92M +$323K +6,440 +12%
Janney Montgomery Scott
22
Janney Montgomery Scott
Pennsylvania
$2.86M -$1.59M -31,660 -36%
EH
23
Equitable Holdings
New York
$2.7M +$936K +18,673 +53%
ARC
24
Advisor Resource Council
Texas
$2.54M +$2.54M +50,590 New
Wealth Enhancement Advisory Services
25
Wealth Enhancement Advisory Services
Minnesota
$2.42M +$802K +16,004 +50%
1
2 3 4

XBIL Hedge Fund Activity: Q1 2025 in Review

84 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in US Treasury 6 Month Bill ETF (XBIL) for Q1 2025, worth a combined $413M — up 18% from $348M a quarter earlier.

Buyers outnumbered sellers: 21 funds opened new XBIL positions and 13 closed out — a net gain of 8 holders — while 35 added to existing stakes and 23 trimmed.

The largest buyer was LPL Financial, adding an estimated $18.3M. The largest seller was Milestone Asset Management, cutting an estimated $14.3M.

  • 84 institutional investors held US Treasury 6 Month Bill ETF (XBIL) as of Q1 2025, up from 78 in Q4 2024.
  • Funds reported $413M of US Treasury 6 Month Bill ETF stock for Q1 2025, up 18% quarter-over-quarter.
  • 21 funds opened new US Treasury 6 Month Bill ETF positions in Q1 2025 and 13 closed out, a net change of +8 holders.
  • The largest US Treasury 6 Month Bill ETF buyer in Q1 2025 was LPL Financial, an estimated $18.3M added.
  • The largest US Treasury 6 Month Bill ETF seller in Q1 2025 was Milestone Asset Management, an estimated $14.3M sold.

Based on aggregated 13F filings for Q1 2025.